Radisson files NI 43-101 tech report for O'Brien PEA

Executive Summary

• Radisson Mining Resources filed a NI 43‑101 technical report presenting a Preliminary Economic Assessment for the O’Brien Gold Project.
• The PEA shows an after‑tax NPV (5% discount) of $532 million, IRR of 48 %, and a 2‑year payback, based on a $2,550/oz gold price.
• Capital requirements are modest: $175 M initial capex and $173 M life‑of‑mine sustaining capital for an 11‑year mine life producing ~70,000 oz Au per year.

Key Details

• Economic Highlights
• After‑tax NPV (5%): $532 million
• Internal Rate of Return: 48 %
• Payback period: 2.0 years at $2,550/oz Au
• Cash cost: $861/oz; All‑in sustaining cost: $1,059/oz (includes 30 % toll‑milling margin)

• NPV‑to‑initial‑capex ratio: 3.0

• Capital & Production

• Initial capital cost: $175 million
• Life‑of‑mine sustaining capital: $173 million
• Mine life: 11 years
• Total ore mined: 740,000 oz, recovered: 647,000 oz (87 % average recovery)
• Steady‑state production (years 2‑8): 70,000 oz/yr

• Average annual after‑tax free cash flow: $97 million

• Project Design

• Utilizes existing regional milling facilities to reduce capex and footprint.
• Flowsheet: gravity‑flotation‑regrind‑leach.

• Ongoing 50,000–60,000 m drill program expanding resource beyond current MRE.

• Consultants & Qualified Persons

• Lead consultant (metallurgy, processing, financial model): Ausenco Engineering Canada ULC – Renee Barrette (QP).
• Mine design & scheduling: InnovExplo/Norda Stelo Inc. – Marc R. Beauvais (QP).
• Water management & permitting: BBA Inc. – Hugo Latulippe (QP).
• Mineral Resource Estimate: SLR Consulting (Canada) Ltd. – Luke Evans (QP).

• Overall scientific/technical disclosure supervised by Richard Nieminen, PGeo (QC) (independent QP).

• Resource Context

• Indicated resources: 580,000 oz (2.20 Mt @ 8.2 g/t Au).

• Inferred resources: 930,000 oz (6.67 Mt @ 4.4 g/t Au).

• Availability

• Full technical report accessible via Radisson’s SEDAR+ profile.

Notable Quotes

(No direct quotes were provided in the release.)